Conifex Timber (TSE:CFF) Stock Price Up 21.4% – Time to Buy?

Conifex Timber Inc. (TSE:CFF) shares were up 21.4% on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 144,543 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 52,430 shares. The stock had previously closed at C$0.07.

Conifex Timber Stock Up 21.4%

The company has a debt-to-equity ratio of 79.64, a current ratio of 1.48 and a quick ratio of 0.91. The firm’s 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.25. The firm has a market cap of C$3.47 million, a P/E ratio of -0.10, a PEG ratio of 0.06 and a beta of 1.09.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, November 14th. The company reported C($0.37) earnings per share for the quarter. The firm had revenue of C$38.16 million during the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. On average, equities research analysts expect that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal year.

About Conifex Timber

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.